QatarEnergy, TotalEnergies to supply LNG to France for 27 years

Must Read

OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

Affiliates of QatarEnergy and TotalEnergies have signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (mtpa) of liquefied natural gas (LNG) from Qatar to France. According to the terms of the SPAs, LNG will be delivered ex-ship to the Fos Cavaou LNG receiving terminal in southern France. Deliveries are expected to commence in 2026 and continue for a term of 27 years.

The source of the LNG volumes will be the two joint ventures between QatarEnergy and TotalEnergies, which hold interests in Qatar’s North Field East (NFE) and North Field South (NFS) projects. 

QatarEnergy hires Hyundai to build 17 LNG carriers | OilNOW

The SPAs were inked by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the president and chief executive officer (CEO) of QatarEnergy, and Patrick Pouyanné, the chairman and CEO of TotalEnergies. The signing ceremony took place at a special event in Doha, attended by senior executives from both companies.

Minister Al-Kaabi commented on the occasion, stating: “These two new agreements we have signed with our partner TotalEnergies, demonstrate our continued commitment to the European markets in general, and to the French market in particular, thus contributing to France’s energy security. The State of Qatar has been supplying the French market with LNG since 2009, and the new agreements reflect the joint effort of two trusted partners, QatarEnergy and TotalEnergies, to provide reliable and credible LNG supply solutions to customers across the globe.”

TotalEnergies comes out swinging with US$9 billion investment proposal for first Suriname development | OilNOW

Furthermore, Minister Al-Kaabi added: “Our commitment to ensure continued and reliable supplies of energy to Europe and the rest of the world is underpinned by our substantial and ongoing investments across the entire gas value chain. We are proud that our new LNG expansion in Qatar is the least carbon intensive project in the world. Our efforts span from bolstering production capacity in Qatar to the development of the Golden Pass LNG export project in the United States, in addition to our commitments in various LNG receiving terminals in Europe, including the Montoir-de-Bretagne LNG Terminal in France.”

TotalEnergies holds a 6.25% share in the NFE project and a 9.375% share in the NFS project as part of its partnership in the North Field LNG Expansion Projects.

- ADVERTISEMENT -
spot_img

Partnered Events

Latest News

Namibia has potential to match Guyana’s oil success – Africa Energy Chamber head

Namibia has the potential to replicate Guyana's success in the oil sector, said NJ Ayuk, Chairman of the African...

More Articles Like This